Asian Demand High for Bitcoin Futures 1591

Don Wilson, founder of high-speed trading firm DRW, said bitcoin derivatives trading in Asia hours is almost equal to the volume he’s seen in the U.S., something he says is an anomaly when compared to other financial instruments. Wilson discussed his observations on cryptocurrency trading trends and his view on the future for the technology. Referencing bitcoin futures trading data on U.S. exchanges provided by CME and CBOE, Wilson went so far as to suggest there may be demand for similar trading tools in Asia. He told attendees:

“If you look at the bitcoin futures data from CME and CBOE, volume in Asia hours are almost the same wth the U.S. … Whereas in like foreign exchange, even for the Japanese yen-dollar trading, volume in Asia is significantly lower.”

DRW, one of the earliest institutions that moved into cryptocurrency trading, launched Cumberland, a crypto over-the-counter trading desk in 2014, at a time when others such as Goldman Sachs and JP Morgan have yet to officially roll out similar services. Explaining the initial idea of DRW to start a crypto trading desk, Wilson said it is rooted in his belief that crypto’s decentralization feature.

“There’s the argument about bitcoin as a store of value. But, more interesting to me, is the usefulness of bitcoin. The ability of transfer values without a trust in the system is hugely disruptive,” he said.

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Microvisionchain announce MVC-20: The first protocol for free-minting assets on the bitcoin sidechain 10369

The future of assets protocol:

Fair launch, simplicity, efficiency, and low transaction fees

As we journey through 2023, the blockchain industry is buzzing with excitement, particularly the BRC-20 token market, led by the innovative Ordinals protocol. Moving forward, in 2024, the surge in market demand has ignited a quest for more efficient blockchain functionality, lower gas fees, and simplified operations. The market is also yearning for a fair competition environment for all participants.

Enter MVC-20, a revolutionary assets protocol that fully harnesses the high concurrency and low latency transaction characteristics of the MVC Layer1 smart contract. It’s designed to build an innovative fair distribution mechanism that addresses the fairness issues plaguing traditional models. MVC-20 is poised to bring about a seismic shift in the Bitcoin ecology token and NFT markets.

Introducing MVC-20: The First Protocol for Free-Minting Assets on the Bitcoin Sidechain

MVC-20 is a trailblazer, being the first free-Mint assets Protocol on the MVC Chain. It adopts a unique “burn to mint” mechanism, ensuring a fair start for everyone – no pre-sales, no whitelists, no team allocation, and no gas fee front-running transactions. The cost of minting MVC-20 tokens is burned, converting the value of the burned ‘Space’ [MVC network’s gas] into the intrinsic value of the MVC-20 token, without flowing into the project party or miners’ wallets.

Introducing the Burn to Mint Mechanism:

MVC-20 stands out from BRC-20 asset protocols with its innovative Burn to Mint concept. This allows the deployer to decide the burn rate of the MVC-20 token at deployment. Subsequently, all users who mint the MVC-20 token must burn a specified amount of SPACE [MVC network’s gas] to carry out the minting. The burn rate can be set between 0 and 10 quantity of SPACE.

Key Features of MVC-20:

  1. Layer 1
  2. Fair distribution [Fair Launch]
  3. High concurrency and low latency transactions
  4. Burn to mint
  5. Customizable: Burn rate 0-10 Space
  6. Permissionless
  7. Multi-functional Launchpad
  8. Compatible with various existing ecosystems and wallets, such as Show3, Orders.Exchange, MVCswap, Metalet and Indexer

MVC-20 Official Launch Day:

Starting from January 22, 2024 [UTC 15:00PM], user can begin to explore the innovative burn to mint mechanism of MVC-20 protocol. Get ready to experience the future of blockchain with MVC-20.

For more details, please visit:
https://mvc20.space/
https://mvc20.gitbook.io/intro

Microvisionchain: Introducing the Ultimate Solution to Bitcoin’s Scalability Challenge!

Microvisionchain presents a novel concept of Unified Scaling Ecosystems for Bitcoin, aiming to resolve Bitcoin’s scalability issue definitively. This plan doesn’t merely offer a same structure to Bitcoin but enhances Bitcoin’s capabilities by:

1. Superior Scaling:
Introducing a scaling solution that outperforms traditional ETH layer2 solutions. Imagine a Bitcoin ecosystem that’s ever-expanding, equipped with a Turing complete smart contract layer, and offering ultra-low fees without congestion.

2. User-Friendly:
Keeping it simple. A single private key can be used across all related second layers/sidechains, making the transition of ecosystem applications seamless and straightforward.

3. Unified Ecosystem:
Unifying countless second layers/sidechains with BTC at the core to collectively tackle BTC’s scalability issues. This will enable global user participation in Bitcoin ecosystem applications.

Implementation Steps:

Step 1: 1 MVC

The MVC node is expected to upgrade in March or April 2024, enabling the BTC ecosystem to transition seamlessly to MVC. MVC has already solved its scalability issue, with a measured TPS of up to 10,000 and transaction fees lower than 0.1 cent. MVC is the first Bitcoin-structure side-chain to implement a layer 1 smart contract on the UTXO structure, enhancing user experience and application capabilities.

Step 2: 100 MVCs

Developers can run a replicated MVC network within half an hour and adjust parameters as needed, provided the core UTXO structure and underlying capabilities remain unchanged for future compatibility with MVC and BTC.

Step 3: Use of Bitcoin

The creation of a global Unified Scaling Ecosystem for Bitcoin will permanently solve BTC’s scalability issue. Having 100 MVCs equates to having 100 large UTXO networks fully conforming to Bitcoin. Subsequent updates will support these 100 MVCs and various third-party Bitcoin-structure second layers/sidechains/ecosystems to form a globally expanding Bitcoin ecosystem expansion network.

Supporting ecosystems:

  • Mapping Satoshi Asset Bridge
  • UTXO chain block time synchronization system
  • Wallets that support multiple chains, and more.

We’re confident that, through MVC’s POB mechanism with builder grant program, we can attract global developers to revolutionize the whole blockchain industry and permanently resolve BTC’s scalability issue together.

Benefits of the MVC Unified Scaling Ecosystem plan:

Microvisionchain is a simple and elegant scalability solution that will permanently solve Bitcoin’s scalability issue and enable Bitcoin assets to possess smart contract capability. It is a superior scaling solution than many ETH second layers, uniting future second layers to collectively address Bitcoin’s scalability in a global network.

Blockchain mining platform Pacminer has announced a collaborative investment of $50 million to enhance substantial mining pools and cloud computing infrastructure within the Ghanaian region 10114

On October 20th, since its foray into the Ghanaian sector, blockchain mining platform Pacminer has not only introduced innovative employment and investment paradigms to the locale but also significantly broadened the scope of the mining market, earning the fervent acclaim of over a million global users. In a bid to expand its industrial chain and augment user earnings, Pacminer has declared a joint venture with Ghana’s relevant departments and blockchain platforms, pledging an investment of $50 million. This substantial capital is earmarked for the optimization of extensive mining pools and advanced cloud computing apparatus, poised to cater to the surging user exigencies within the Ghanaian domain.

Over recent years, through relentless advancements in equipment and technology, Pacminer has catapulted its network mining capacity to over 20% within the industry, thereby earning recognition from various societal echelons. This collaborative endowment is also indicative of the platform’s profound credibility. Capitalizing on its collective resources and cutting-edge technology, Pacminer is set to orchestrate a continuous intelligent evolution of mining rigs throughout their entire lifecycle. This strategy is intended to deeply integrate smart computing power throughout the mining process, consequently lowering both the financial and technical barriers for users in the Ghanaian enclave, streamlining their mining endeavors.

Comprising early cryptocurrency investors and researchers, the team members at Pacminer bring a wealth of R&D and operational experience within the digital currency realm. It is through the extensive knowledge and professional expertise of this core team that Pacminer actively facilitates the global free circulation of the digital economy. In its current initiative, Pacminer is optimizing mining pool construction solutions to achieve the most efficient output at the lowest costs, while also offering clients comprehensive, full-industry-chain solutions. This strategic approach not only underscores their commitment to excellence but also fortifies their role as catalysts in enhancing digital economic exchanges globally.

The realm of mining pool extraction has transitioned from a digital phase into an era of intelligent refinement, where meticulous mining methodologies are gradually supplanting the erstwhile extensive modes of extraction. Embracing principles of green development, Pacminer prioritizes the utilization of large-scale data centers powered by low-carbon energy sources. Employing distributed node consensus algorithms for the generation and renewal of data, the company ensures minimal disturbance to the mining areas and their surrounding ecological environments during the extraction processes. This approach is further enhanced by a judicious selection of mining methods, coupled with the efficient deployment of innovative technologies for astute oversight, reflecting their dedication to environmental stewardship and sustainable practices.

Focusing on machine upgrades tailored for the sector’s sealing process and profound algorithm optimization, expert personnel anticipate that the current enhancements to the substantial mining pools and cloud computing infrastructure will boost extraction efficiency in Ghana by 20%. These advancements are poised to elevate the high availability and reliability of data access, laying the groundwork for long-term stability of online data. Furthermore, they provide the agility to expand storage capacity flexibly, catering to the demands of a high-caliber cloud computing platform. This strategic foresight not only signifies a leap in operational excellence but also reinforces the commitment to seamless, uninterrupted access and data preservation in the evolving digital landscape.

Leveraging its formidable expertise and robust advantages, Pacminer remains steadfast at the industry’s vanguard, perpetually delving into and discerning solutions quintessentially suited for contemporary scenarios. By effectively curtailing mining expenses and continually amplifying computational power, the platform is unwavering in its commitment to safeguarding user interests. It is this pioneering spirit that not only guides but also propels industry growth, marking Pacminer as a luminary in the ever-evolving digital mining landscape.

Adventures in the Mine of Digital Wealth – An Ordinary Person’s Real Experience of Getting Rich 10840

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Peter, a middle-aged man, lived a simple life in a small town. He worked as an ordinary office employee, busying himself with mundane tasks and family responsibilities. Despite the stability of his life, Peter always dreamed of changing his destiny and pursuing greater financial freedom.

One day, while browsing the internet, Peter stumbled upon TokenCoin, an emerging cryptocurrency cloud mining platform. Though he knew nothing about cryptocurrencies, the concept of TokenCoin deeply intrigued him.

Peter decided to register with TokenCoin and embark on his mining journey. Since he didn’t have significant investment capital, he opted to lease some cloud mining hash power, an option offered by the TokenCoin platform.

As time passed, Peter began to receive mining rewards from TokenCoin. While these rewards were modest at first, they steadily accumulated, gradually becoming more substantial. Peter chose to reinvest his earnings into higher hash rate plans, further increasing his mining capabilities.

Peter’s financial situation improved, and he started sharing his journey with friends and family, who were astounded by his growing wealth. They inquired about his secret, and Peter shared his story, encouraging them to join TokenCoin. He also joined TokenCoin’s affiliate program, earning referral commissions and building a community of like-minded individuals.

Together with his friends and the TokenCoin community, Peter explored the world of digital currencies, supporting and inspiring each other. TokenCoin became the platform through which they collectively created wealth.


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The cloud mining platform, TokenCoin, introduced a revolutionary three-step process, making it incredibly easy to embark on a profitable cloud mining journey. It simplified the complexities of cloud mining, fostering substantial growth and rewards for its users.

Step One: Register an Account – Where Convenience Meets Rewards

TokenCoin welcomed new users through a straightforward registration process, initiating a journey towards potential gains. The registration process also included a $7 registration bonus, not merely a symbolic gesture, but a practical incentive that users could use to purchase plans aligned with their individual aspirations. Upon completing their selected plans, users could even withdraw their accrued rewards, turning the experience into tangible outcomes.

Step Two: Select Your Mining Plan – Empowerment Through Choice

The platform offered a diverse array of cloud hash rate plans, empowering users to tailor their cloud mining journey according to their distinct preferences. By navigating their crypto portfolios, users could make informed choices, aligning their path with their financial objectives and aspirations.

Step Three: Start Earning – Unlocking a Realm of Opportunities

Once the chosen plan was set, the journey to earnings commenced seamlessly. With the finalization of the order, TokenCoin efficiently allocated computing power to the designated mining pool, initiating the potential for swift rewards and returns.

Not long after, Peter and his friends had accumulated substantial wealth in the cryptocurrency field, enabling them to live the lives they had always desired. They not only achieved their personal financial goals but also provided hope and opportunities for others.

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This story underscores that the world of digital currencies is brimming with opportunities. With courage, continuous learning, and dedication, anyone can find their own fortune in this emerging field.

To explore the range of products and plans and begin your journey with a reliable partner in the crypto mining arena, please visit https://tokencoin.net

Powerbridge Technologies Invests in High-Performance Crypto Mining Equipment 3402

Powerbridge Technologies, a provider of multi-industry technology solutions, has announced its recent acquisition of 1,200 units of A1346 Avalon Bitcoin Miners. The investment aligns with the Company’s long-term strategy in the crypto market.

The A1346 Avalon Bitcoin Miners with a hash rate of 104TH/s, are known for their high performance, stability, and ease of use.

Stewart Lor, CEO of Powerbridge Technologies, commented: “We believe that this investment will help us expand our presence in the crypto market. As a leading provider of technology solutions, we will continue to explore new opportunities to accelerate our growth and bring values to our shareholders.”

About Powerbridge Technologies

Powerbridge Technologies Co., Ltd. is a leading provider of multi-industry technology solutions. The Company offers software and platform applications, IoT platform services and intelligent devices, supply chain platforms and interactive media services, metaverse and digital services, and cryptocurrency asset operations and services.

Will Bitcoin continue to fall? 7068

Bitcoin

It’s no secret that the cryptocurrency market is quite volatile. Almost any piece of global news can affect the price of digital assets in one way or another. Take billionaire Elon Musk, for example, who was able to influence the price of Dogecoin simply by tweeting. However, this does not always happen because of a particular case and with a particular coin. In 2020, for example, the world went into lockdown for the first time in a long time. Countries’ borders were closed and the logistics of many goods began to be disrupted. People had to stay at home, fearing for their health. The Covid-19 pandemic was to blame. You would think that a virus could have an impact on digital assets. As it turns out, it was able to reach cryptocurrency as well. Because of problems in the economy, cryptocurrency has begun to lose value.

This did not last long, and a year later Bitcoin set a new historical high. The price of the first cryptocurrency was above $63,000. Those enthusiasts, who during the chaos and lockdown did not stop believing that cryptocurrency was the future and continued to invest in digital gold, were able to make good money in just one year. Bitcoin began to be prophesied to reach $100,000 in the near future. There were many explanations from analysts and financial experts that Bitcoin could do this. Today, however, the picture for the crypto industry does not look so rosy.

Since the beginning of 2022, the first cryptocurrency began to lose heavily in price, for various reasons. Today, we can observe that Bitcoin is in prolonged drawdown, just like all other digital assets. Some call it a “crypto-winter”. This has already happened to the crypto market more than once. But why is the fall so noticeable?

Experts attribute the prolonged decline in quotations to the fact that the Federal Reserve System is tightening policy in the US, which raises rates to contain inflation in the country.

As cryptocurrency is a risky asset, investors and traders are trying to get rid of it or keep it to a minimum.

Also, the recent news that one of the world’s largest cryptocurrency exchanges, FTX, has filed for bankruptcy has not had a positive impact on the value of digital assets either. The first cryptocurrency still remains in a kind of sideways position. At the time of writing, it stands at $16,993, according to CoinGecko.

What if Bitcoin keeps falling?

If the cryptocurrency drawdown continues, nothing good can come of it. As analysts say, this will entail quite serious and large changes in the global crypto market. A similar scenario was discussed this summer, in the online edition of CNews. The publication’s experts believe that continued drawdown will mean that many tokens that are not widely known will simply disappear, until there are only the top and in-demand coins that are able to survive in today’s realities.

Of course it is too early to talk about it now, things may change tomorrow if there is any positive news. But we can only wait and see what happens.

And to start trading cryptocurrencies today, you can use the RevenueBot cryptocurrency bot service.

CME Group Announces Launch of Euro-denominated Bitcoin and Ether Futures 7551

CME Group, the world’s leading derivatives marketplace, today launched Bitcoin Euro and Ether Euro futures.

“The launch of these new futures contracts builds on the strong growth and deep liquidity we have seen in our existing U.S. dollar-denominated Bitcoin and Ether futures contracts,” said Tim McCourt, Global Head of Equity and FX Products, CME Group. “Our new Bitcoin Euro and Ether Euro futures will provide institutional clients, both within and outside the U.S., with more precise and regulated tools to trade and hedge exposure to the two largest cryptocurrencies by market cap.”

Bitcoin Euro and Ether Euro futures contracts will be sized at five bitcoin and 50 ether per contract. These new contracts will be cash-settled, based on the CME CF Bitcoin-Euro Reference Rate and CME CF Ether-Euro Reference Rate, which serve as once-a-day reference rates of the euro-denominated price of bitcoin and ether.

These new futures contracts will be listed on and subject to the rules of CME.

For more information on this product, please visit https://www.cmegroup.com/cryptocurrencies#explore-our-cryptocurrency-products.

As the world’s leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing.